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  1. Auspectress on

    Poland will impose its first fuel price cap from Tuesday, the energy minister said, as the government moves to shield consumers from surging global oil prices.[](https://tvpworld.com/91892474/iran-us-energy-fears-swirl-as-qatar-shuts-massive-lng-plant)

    Under a notice published on Monday, the maximum price for 95-octane petrol will be 6.16 zloty (€1.55) per liter, while diesel will be capped at 7.60 zloty (€1.91). 

    Higher-grade 98 petrol will be limited to 6.76 zloty (€1.70) per liter. 

    Warsaw has introduced the emergency nation-wide price cap, set daily by the energy minister, in response to rapidly rising gas prices sparked by US and Israel’s war on Iran. 

    Artificially capping the prices will cost the budget around 700 million zloty (€162 million) per month, the Finance Ministry has estimated. 

    The cap is calculated using a formula based on average wholesale fuel prices in Poland, plus excise duty, a fuel surcharge, a fixed retail margin of 0.30 zloty (€0.08) per liter and value-added tax (VAT). 

    Retailers selling above the limit face fines of up to 1 million zloty (€250,000). 

    “Let’s remember that when prices at gas stations actually change depends on administrative, legislative and technical factors, such as adapting systems and cash registers,” Energy Minister Miłosz Motyka has said. 

    As part of a broader legislative package, designed to alleviate some of the economic pressure caused by the global turmoil on energy markets, the government has also cut VAT on fuels to 8% from 23% starting March 31 and reduced excise duties to the minimum levels allowed under European Union rules. 

    The VAT reduction will cost the state about 900 million zloty (€209 million) monthly. 

    Polish Prime Minister Donald Tusk said the package was designed to bring down prices at the pump and ease inflationary pressure. 

    He added that the government could consider a windfall tax on fuel companies if excessive profits are identified. 

  2. Dracogame on

    This NEVER works. All pumps will suddenly be out of fuel and they’ll sell it on the side. 

  3. Juusto3_3 on

    Wow they’re capping fuel at a cheap price. 1,55 € for 95? That’s an amazing price

  4. Let’s artificially limit the cost on goods that’s in limited supply, that will surely help reduce demand.

  5. khurgan_ on

    Wouldn’t it be better to rebate fuel cost for delivery/food/goods drivers or transport/public transport companies, to keep prices in check, rather than subsidise all drivers by all taxpayers regardless?

    I just don’t like the idea of paying extra taxes because Grazyna can’t be bothered to walk 10 minutes to her local grocery store and she just “needs” to take her almost 2-ton SUV just to leave with a single bag, while the engine is idling because “it’s cold” (true story, by the way). Or in other words, to subsidise “samochodoza” (car-centric culture).

  6. NoExperience9717 on

    So will the oil companies not compete for oil products above this price? That’ll mean that someone else gets their supply as they’re willing to pay more. Either that or the government subsidises the difference.

  7. An interesting play by Tusk’s government. This is a high risk high reward, short-term bet. Bet on the war disruption ending soon. Because short-term it will halt inflation and help the economy – but long-term polish budget will not be able to maintain this. Which means long-term it is not sustainable and if it goes back to unregulated too soon – the whole gain from it will be nullified.

    So it is a band-aid solution praying on the wound not to get bigger.

  8. r/fuckcars lost opportunity to improve alternatives to the car dependency.

  9. 1.55 lol.

    Here in Greece its already 2+ and the party is just starting. Greece being a 3rd world country as usual.

  10. deniz_xzbt on

    This price should be applicable to only vehicles with polish licence plates, otherwise those smartass from border countries will mess it up…

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